McCain will give a speech monday trashing Corporate America as unable to develop a car battery or fuel efficient cars without the Government doing it for them.
This is a stunning attack on American industry and McCain's feet should be held to the fire for it.
He is admitting that the Republicans---the President and in Congress--cannot provide leadership and Corporate America is brain dead.
It is time for the Government to develop an energy efficient car for all government use and like NASA, license the technology.
How funny to see McCain turn his back on Corporate America while he and his surrogates attack Obama as un-American!
Sen. McCain offers $300 million prize for new auto battery
By THE ASSOCIATED PRESS
Published: June 23, 2008
Filed at 1:36 a.m. ET
PHOENIX (AP) -- John McCain hopes to solve the country's energy crisis with cold hard cash.
The Republican presidential nominee-in-waiting is proposing a $300 million government prize to whomever can develop an automobile battery that far surpasses existing technology.
The bounty would equate to $1 for every man, woman and child in the country, ''a small price to pay for helping to break the back of our oil dependency,'' McCain said in remarks prepared for delivery Monday at Fresno State University in California.
McCain said such a device should deliver power at 30 percent of current costs and have ''the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars.''
The Arizona senator is also proposing stiffer fines for automakers who skirt existing fuel-efficiency standards, as well as incentives to increase use of domestic and foreign alcohol-based fuels such as ethanol.
In addition, a so-called Clean Car Challenge would provide U.S. automakers with a $5,000 tax credit for every zero-carbon emissions car they develop and sell.